British Columbia · Receivership (court-appointed)
Petition to the Court
Application / notice of application · 21 July 2025
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing30 verified
- commencement date14 July 2025
- courtIN THE SUPREME COURT OF BRITISH COLUMBIA
- court file noVLC-S-H-250780
- secured creditorsnote: Original Commitment Letter (July 21, 2023) principal was $19,455,000 (facility limit/original advance, not balance). Petition (para 20) states 'in excess of $7.5 million' in prose; exact balance per para 10 as at June 6, 2025 used here, plus interest from June 19, 2025 at 11% per annum compounded monthly. KV/Guarantors also entered Forbearance Agreement dated June 13, 2025 with new guarantors (North America Home Finance Inc., NAHF General Partner Inc., NAHF Limited Partnership, 1289900 B.C. Ltd.). · page: 8 · as of: 2025-06-06 · amount: 7583290.88 · debtor: Boynton Developments (Kelowna) Ltd. · creditor: KV Capital Inc. · currency: CAD · security: Mortgage and Assignment of Rents (registered Kamloops LTO Dec 1, 2023, CB1056533/CB1056534) over PID 027-456-633; GSA dated Oct 12, 2023 (BC PPR base reg. 816871P) over all present/after-acquired personal property; unlimited Guarantee from Boynton (Kelowna) LP, Promintory Developments LP, Promintory Developments Inc., and Robert Aird Fraser; Title Insurance; Environmental Indemnity; Assignment of Material Contracts
- secured creditorsnote: Amount not stated. · page: 9 · debtor: Boynton Developments (Kelowna) Ltd. · creditor: National Forming Systems Inc. · currency: CAD · security: Claim of builder's lien (CB1247889; CB1649529) and Certificate of pending litigation (CB1927461)
- secured creditorsnote: Amount not stated. · page: 9 · debtor: Boynton Developments (Kelowna) Ltd. · creditor: Dulay Roofing Ltd. · currency: CAD · security: Claim of builder's lien, registration no. CB1454523
- secured creditorsnote: Amount not stated. · page: 9 · debtor: Boynton Developments (Kelowna) Ltd. · creditor: Canex Building Supplies Ltd. · currency: CAD · security: Claim of builder's lien, registration no. CB1462493
- secured creditorsnote: Amount not stated. · page: 9 · debtor: Boynton Developments (Kelowna) Ltd. · creditor: CE Mechanical Ltd. dba CE Plumbing and Heating · currency: CAD · security: Claim of builder's lien, registration no. CB1479936
- secured creditorsnote: Amount not stated. · page: 9 · debtor: Boynton Developments (Kelowna) Ltd. · creditor: Onyx Concrete Ltd. · currency: CAD · security: Claim of builder's lien, registration no. CB1496369
- secured creditorsnote: Amount not stated. · page: 9 · debtor: Boynton Developments (Kelowna) Ltd. · creditor: Baags Excavating Ltd. · currency: CAD · security: Claim of builder's lien, registration no. WX2193259
- secured creditorsnote: Amount not stated. · page: 9 · debtor: Boynton Developments (Kelowna) Ltd. · creditor: Colt Building Solutions Ltd. · currency: CAD · security: Claim of builder's lien, registration nos. CB1587698; CB1989917
- secured creditorsnote: Amount not stated. · page: 9 · debtor: Boynton Developments (Kelowna) Ltd. · creditor: Securiforce Security Services Ltd. · currency: CAD · security: Claim of builder's lien, registration no. HB8798
- secured creditorsnote: Amount not stated. · page: 9 · debtor: Boynton Developments (Kelowna) Ltd. · creditor: Boxx Modular LP · currency: CAD · security: Claim of builder's lien, registration no. CB1621565
- secured creditorsnote: Amount not stated. · page: 9 · debtor: Boynton Developments (Kelowna) Ltd. · creditor: For less Disposal Inc. · currency: CAD · security: Claim of builder's lien, registration no. CB1636793
- secured creditorsnote: Amount not stated. · page: 9 · debtor: Boynton Developments (Kelowna) Ltd. · creditor: Sonora Investments Ltd. · currency: CAD · security: Claim of builder's lien, registration nos. HB9295; CB1889247
- secured creditorsnote: Amount not stated. · page: 9 · debtor: Boynton Developments (Kelowna) Ltd. · creditor: Ice Constructors Ltd. · currency: CAD · security: Claim of builder's lien, registration no. HB9358
- secured creditorsnote: Amount not stated. · page: 9 · debtor: Boynton Developments (Kelowna) Ltd. · creditor: Jeet Framing & Construction Ltd. · currency: CAD · security: Claim of builder's lien, registration nos. WX2194156; WX2194384
- secured creditorsnote: Amount not stated. · page: 9 · debtor: Boynton Developments (Kelowna) Ltd. · creditor: Quantus Electric Ltd. · currency: CAD · security: Claim of builder's lien and Certificate of Pending Litigation, registration nos. CB1898220; CB1905488
- secured creditorsnote: Amount not stated; ranks behind Petitioner's interest. · page: 9 · debtor: Boynton Developments (Kelowna) Ltd. · creditor: 1396200 B.C. Ltd. · currency: CAD · security: Claim of builder's lien, registration no. WX2189826
- secured creditorsnote: Subordinated: by priority agreement dated Dec 5, 2023 (registered Dec 5, 2023, CB1060211/CB1060212), Travelers agreed its security ranks behind KV's security. Amount not stated. · page: 9 · debtor: Boynton Developments (Kelowna) Ltd. / related respondents · creditor: Travelers Insurance Company of Canada · currency: CAD · security: Mortgage and Assignment of Rents, registration nos. CB1057751 and CB1057752
- secured creditorsnote: Registered judgment charge against Lands; amount not stated. · page: 10 · debtor: Boynton Developments (Kelowna) Ltd. · creditor: Zenex Capital Corp. · currency: CAD · security: Judgment, registration no. CB1978544
- secured creditorsnote: Amount not stated. · page: 10 · debtor: Boynton Developments (Kelowna) Ltd. · creditor: Tiara Doors and Moulding Ltd. · currency: CAD · security: Claim of builder's lien, registration no. WX5008327
- secured creditorsnote: Amount not stated. · page: 10 · debtor: Boynton Developments (Kelowna) Ltd. · creditor: Otbec3 Holdings Inc. · currency: CAD · security: Certificate of Pending Litigation, registration no. CB1831285
- secured creditorsnote: Amount not stated. · page: 10 · debtor: Boynton Developments (Kelowna) Ltd. · creditor: Okanagan Electrical Systems Inc. · currency: CAD · security: Claim of builder's lien, registration no. HB9987
- secured creditorsnote: Amount not stated. · page: 10 · debtor: Boynton Developments (Kelowna) Ltd. · creditor: 1084045 B.C. Ltd. · currency: CAD · security: Claim of builder's lien, registration no. HB9943
- secured creditorsnote: Amount not stated. · page: 10 · debtor: Boynton Developments (Kelowna) Ltd. · creditor: Evest Real Estate Nominee Corp. · currency: CAD · security: Mortgage, registration no. CB1664679
- secured creditorsnote: Individual lien claimant; amount not stated. · page: 10 · debtor: Boynton Developments (Kelowna) Ltd. · creditor: Sean Stuart O'Hara Mooney · currency: CAD · security: Claim of builder's lien, registration no. HB10718
- secured creditorsnote: Amount not stated. · page: 10 · debtor: Boynton Developments (Kelowna) Ltd. · creditor: Primary Engineering and Construction Corp. · currency: CAD · security: Claim of builder's lien, registration no. CB1883385
- secured creditorsnote: Amount not stated. · page: 10 · debtor: Boynton Developments (Kelowna) Ltd. · creditor: A-1 Trusses Ltd. · currency: CAD · security: Claim of builder's lien, registration no. WX2194157
- secured creditorsnote: Amount not stated. · page: 10 · debtor: Boynton Developments (Kelowna) Ltd. · creditor: Armada Steel Corp. · currency: CAD · security: Claim of builder's lien, registration no. CB1728482